Coinbase's ADA reserves have skyrocketed by 462% in the past month, increasing from 1.7 million to 9.56 million ADA. This surge occurs as Bitcoin enters an overbought zone, prompting a potential liquidity shift towards altcoins. Over the past year, more than $2.5 billion worth of ADA has been withdrawn from exchanges, with analysts eyeing a breakout above $0.96 as a potential catalyst for further price gains.
In contrast, Coinbase's XRP holdings have seen a significant decline, suggesting a shift in institutional preferences. This movement highlights the growing interest in altcoins as investors seek opportunities beyond Bitcoin amid changing market dynamics.
Coinbase ADA Reserves Surge 462% as Bitcoin Demand Cools
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